News Release 09/30/13

GOVERNMENTAL ACCOUNTING STANDARDS BOARD LAUNCHES NEW WEBSITE

Norwalk, CT, September 30, 2013—The Governmental Accounting Standards Board (GASB) today launched an updated website that features more user-friendly navigation and “plain English” resources that provide extensive background on accounting and financial reporting issues for state and local governments. The site is found at www.gasb.org.

The new GASB website is designed to be the primary source of news and information about the GASB and its activities. The website includes videos and other new content intended for a wide range of users, including those who are unfamiliar with the GASB and its activities. For example, the inaugural video features GASB Chairman David A. Vaudt discussing implementation issues related to the new GASB pension accounting and financial reporting standards.

“The new GASB website allows visitors to easily find what they need to know about the Board and the role it has in establishing accounting and financial reporting standards,” said GASB Chairman David A. Vaudt. “The site was designed to help stakeholders broaden their knowledge and expertise, and to weigh in on the GASB’s standards-setting activities.”

The new GASB website also features an interactive digital timeline that tells the story of the GASB, FAF, and the FASB through photos, videos, and quotes from the past 40 years.

The new website was designed by Ball & Chain, LLC, based in Stamford, CT.

About the Governmental Accounting Standards Board

The GASB is the independent, not-for-profit organization formed in 1984 that establishes and improves financial accounting and reporting standards for state and local governments. Its seven members are drawn from the Board’s diverse constituency, including preparers and auditors of government financial statements, users of those statements, and members of the academic community. More information about the GASB can be found at its website, www.gasb.org.